According to Ministry of Corporate Affairs (MCA), its total operating revenue grew by 24% in 2019 to Rs 474.31 crore. Pay up abroad, but play around in India. 900 crore in F20 to Rs. [8], Peyush Bansal, a former Microsoft employee, founded Lenskart.com in 2010 along with Amit Chaudhary and Sumeet Kapahi. 2020 IC3 Elder Fraud Report 2019 IC3 Annual Report 2019 State Reports. The financial reports of LENSKART SOLUTIONS PRIVATE LIMITED include financial history (previous 5 Years), ratio analysis, management details such as directors & key persons of the company, shareholding & group structure details, mortgages & charges on LENSKART SOLUTIONS PRIVATE LIMITED. [7] In March 2019, the company hired Bhuvan Bam as its first male brand ambassador. You can add additional information for FREE. Chart. For business and industry related insights, twice in a month. Currently, you are using a shared account. (C) OfficeChai 2020. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). You need a Statista Account for unlimited access. NEW DELHI: SoftBank-backed Lenskart Eyewear Solutions has projected a 20% growth in sales in the current financial year, at a time when the ongoing Covid-19 The company had first turned profitable last year, when it had registered a profit of Rs. Cost of materials consumed stood at Rs 274.03 crore, an increase from Rs 109.68 crore last in the previous year. 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"Lenskart to launch 500 stores in 2020 and increase its focus on AI and digital marketing, says Co-founder, Amit Chaudhary", "Lenskart scale surpasses Rs 1,500 Cr in FY22, slips into losses", "Lenskart-backed Neso Brands raises $100 million, appoints Bjorn Bergstrom CEO", "Lenskart plans to hire over 2,000 employees in India by next year", "Lenskart raises another $25 million in series I round; announces opening of 1,000th store in the country", "Lenskart sees more scope of growth in non-metros: CEO Peyush Bansal", "Expansion Plan: Lenskart eyes 50% market share", "Lenskart may shift SE Asia manufacturing to India plant", "Peyush Bansal, founder of Lenskart in India, selling eyewear talks about his business journey", "Valyoo Technologies raises $4M from IDG Ventures India", "Adjust focus: How Peyush Bansal built Lenskart into a profitable unicorn", "After Lenskart, Watchkart & Bagskart, Valyoo Technologies' Jewelskart.com Goes Live", "Lenskart's Peyush Bansal on new funding, why he shut down three other e-com sites & more", "Updated: Lenskart Is Raising INR 135 Cr. Here is the video showing how you can study the financials of an Indian company on the Company360 platform. Lenskart is now a growth-stage company, which became EBITDA positive in December last year, and which has continued into January, said CEO of Lenskart, Peyush Bansal. From Lenskart to Sharechat, startups strapped for time and hands find that interns fit well into their stay lean, grow fast strategy 6.3 crore. As a result, the Holding Company has achieved profitability in the current year. Other top cost heads included advertising promotional expenses which grew 71.06% to Rs 111.10 crore from Rs 64.57 crore last year. [4] As of May 2022, Lenskart has 1,000 stores across 223 cities in India. "Revenue from Operations of Lenskart Solutions Private Limited from The Financial Year 2018 to 2022 (in Billion Indian Rupees). 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The Bengaluru-based eyewear retailers revenue from operations stood at Rs 900.27 crores, an 89.81% increase from Rs 474.31 crore in FY19. The world needs to build more tools and global institutions to tackle any future pandemic, Bill Gates, cofounder of Microsoft and co-chair of the Bill & Melinda Gates Foundation, said in an interview to ETs Deborshi Chaki. Nestl today published its 2020 Annual Report. Web2020 IC3 Annual Report 2020 State Reports. Most Discussed Updated FAQs, and more. 2018 IC3 Annual Report 2018 State Reports. Currently in the role of AVP- #Finance , she works closely with our co-founder, Neha Bansal . It is registered at RoC-Delhi. For example, FY 2022 started in April 2021 and ended in March 2022. All rights reserved. The company is incorporated with the address W-123; GREATER KAILASH; PART-2; NEW DELHI; Delhi; 110048; India. Revenue from operations of Lenskart Solutions Private Limited from the financial year 2018 to 2022 (in billion Indian rupees) [Graph]. The German software giant aims to double its investments in India over the next five years. Lenskarts expenses rose marginally to Rs. [12] By the end of 2014, only Lenskart.com remained operative as the company shut down its other three websites. 6.3 crore, and has grown its profit to Rs. After nearly a decade of operations, Lenskart Solutions, which operates an eponymous omnichannel eyewear retailer, turned profitable in the financial year ended March 21, 2020. Its authorized share capital is 50,25,20,000.00 ( 50.25 Cr ) and its paid up capital is 31,86,20,232.00 ( 31.86 Cr ). Tofler Company360 provides access to any Indian company's financial documents, charts, ratio analysis and more. 136 crore during FY21, as opposed to Rs. The financial reports of LENSKART SOLUTIONS PRIVATE LIMITED include financial history (previous 5 Years), ratio analysis, management details such as directors Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. [10][11] In 2011, the company launched Watchkart.com and Bagskart.com, and the following year, it started Jewelskart.com. Please do not hesitate to contact me. PLAN, Access the exclusive Economic Times stories, Editorial and Expert opinion, 90 Days Prime access worth Rs999 unlocked for you, Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors, Stock analysis. 530% Size Multiple 219x Median Size Multiple 219x, 100th %ile 0.00x 0.95x. Subscribe to the Tofler Company360 program for complete access to Tofler's database. PLAN. During the last year, the Alliance not only re-programmed some of its work to support the response to COVID-19, it also continued its long-term initiatives to build the field of The company also saw investments from Ratan Tata and Kris Gopalakrishnan. Lenskart became a unicorn in FY20 after raising $275 million in a round from SoftBank Vision Fund. From TPG, TR Capital & IDG In Series C", "How Lenskart is defying the start-up trend", "John Jacobs to clock 500 cr revenue by March 2021", "Lenskart invests $4 million to expand John Jacobs brand stores", "Lenskart ropes in Katrina Kaif as brand ambassador", "Katrina Kaif is Lenskart's first-ever ambassador", "Lenskart valuation touches Rs 3,000 Cr after a secondary transaction - ETtech", "Lenskart announces Bhuvan Bam as its new brand ambassador", "SoftBank Vision Fund invests $275M in India's Lenskart", "Lenskart to become the next unicorn! 29 crore in FY21. WebLenskart has 5 employees at their 1 location, $679.6 m in total funding, and $68 m in annual revenue in Y 2019. In, ENTRACKR. LENSKART SOLUTIONS PRIVATE LIMITED's unique Corporate Identification Number (CIN) is U33100DL2008PTC178355 and its registration number is 178355. Eyewear retailer Lenskart has raised $220 million from investors led by Singapores sovereign wealth fund Temasek, Bloomberg reported. 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Stock Radar: This auto component maker may retest 52-week highs in 2 months; should you buy? ENTRACKR. 3) Confirm your email address on which you want reports to be delivered Duis a, To view Lenskarts complete valuation and funding history, request access, To view Lenskarts complete cap table history, request access, Youre viewing 3 of 3 competitors. 2-Year Need a financial report of the company at INR 799? Bookmark Company | Claim Company | Review Company | Add Private Notes. Values have been rounded for clarity. Economy Grows at a Slower Pace of 4.4% in Dec qtr, Hope It Doesnt Take a Second Pandemic to Build Right Tools, Trying to replace Chinas supply chains? As a Premium user you get access to background information and details about the release of this statistic. To read full story, subscribe to ET Prime, Billed annually at On this Wikipedia the language links are at the top of the page across from the article title. Revenue from operations of Lenskart FY 2018-2022 Published by A. Minhas , Dec 2, 2022 Lenskart's revenue from operations amounted to 15 billion Indian rupees in Email us at support@tofler.in, TWS Systems Private Limited (Tofler)201/25 Heritage City, M.G. Dont miss out on ET Prime stories! Eyewear retailer Lenskart has raised $220 million from investors led by Singapores sovereign wealth fund Temasek, Bloomberg reported. 2020. Nestl has also sent the Annual General Meeting (AGM) invitation and agenda to shareholders. Bh HPP:P]7\]WW(@(IHUECt~YCMDN1''zAe Previously, insurance platform Policybazaar, ed-tech startup Byjus and beauty retailer Nykaa have reported being profitable in specific years. experience the nykaa mobile app. "Revenue from operations of Lenskart Solutions Private Limited from the financial year 2018 to 2022 (in billion Indian rupees)." School closures, increased vulnerability to abuse, mental health strains and loss of access to vital services have hurt children deeply. WebInformation contained in the report is the latest at the time of the release and you are kindly requested to note that the information presented in the report may differ from more recent information due to organizational changes, changes in personnel, end of product sales, or other factors. India's financial year begins in April and ends in March. You can only download this statistic as a Premium user. The company's platform sells prescriptio, uis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat, rud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Claim Company | This statistic is not included in your account. It grew at 50% year-on-year, launched its 500th store and its total operating revenue grew by 24% in 2019 to Rs 474.31 crore. Falcon Edge Capital 31 crore in FY 19, became profitable for the first time in FY20 with a profit of Rs. The EBITDA of LENSKART SOLUTIONS PRIVATE LIMITED has decreased by -0.11 % over the previous year. 29 crore in FY21. WebLenskart News: Read latest Lenskart news and recent Lenskart updates on The Economic Times. The company has been in news for its IPO plans since 2017, and the improvement in numbers is quite in line with the same. Know more about your vendors, clients and competitors. Please visit About Us tab on this page to add additional information about LENSKART SOLUTIONS PRIVATE LIMITED. It lets you compare financials of several companies and study performance trends. All rights reserved.For reprint rights. As soon as this statistic is updated, you will immediately be notified via e-mail. You only have access to basic statistics. It is classified as Private UnListed Indian Non-Government Company. All Rights Reserved. Also, as per the business projections, it expects profitable growth in the long run, the Softbank-backed company stated in the report. ", ENTRACKR, Revenue from operations of Lenskart Solutions Private Limited from the financial year 2018 to 2022 (in billion Indian rupees) Statista, https://www.statista.com/statistics/1239374/lenskart-revenue-from-operations/ (last visited March 02, 2023), Revenue from operations of Lenskart Solutions Private Limited from the financial year 2018 to 2022 (in billion Indian rupees) [Graph], ENTRACKR, November 10, 2022. >> << India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. WebAnnual Reports and Returns. WebLenskart is an Indian multinational optical prescription eyewear retail chain, based in Faridabad. Please create an employee account to be able to mark statistics as favorites. Choose your reason below and click on the Report button. 2020 Year in Review. Lenskarts revenue numbers were perhaps muted because of the pandemic, which couldve disrupted operations at its more than 700 physical stores across the country. LoginsLink. These financials can also be downloaded in excel format. Previous reports have been accessed for historical data. Read More. Web2179386 0.56572216749191284 0.4342535138130188 6.4144670963287354e-2 4.5011300593614578e-2 0.35540559887886047 0.22399978339672089 8.589896559715271e-2 Personalize which data points you want to see and create visualizations instantly. The price of financial report of LENSKART SOLUTIONS PRIVATE LIMITED prepared by Tofler is INR 799. Indias fastest-growing blockchain unicorn and a USD1.5 billion question. Just this year, Dream11 had reported a profit of Rs. The current filings represent the financial performance of Lenskart Solutions Private Limited, one such subsidiary. The eyewear retailer has grown to serve more than 400K customers on a monthly basis and claims to account for nearly 30% of Indias organised eyewear market. PLAN, Yearly Shareholders will be able to attend the meeting online. 998 crore from Rs. The report highlights the companys financial and non-financial performance for the year and gives an update on strategy, innovation, digitalization and sustainability. Find & Invest in bonds issued by top corporates, PSU Banks, NBFCs, and much more. Get the full list, To view Lenskarts complete subsidiaries history, request access, To view Lenskarts complete exits history, request access, Morningstar Institutional Equity Research, Co-Founder, Chief Executive & People Officer & Board Member, Chief Operating Officer & Chief Business Officer, Co-Founder, Director of Finance & Board Member. The total revenue for the period stood at Rs 969.52 crore against Rs 485.59 crore a year earlier. Includes DocuBay and TimesPrime Membership. Copyright 2023. Developer of an online optical platform designed for various ranges of eyewear. But with a new cohort of startups now emerging that are not only running large businesses, but are also profitable to boot, it give hope to startups that are still in the red it might take a while, but there might be light for them at the end of the tunnel. [14] In 2016, International Finance Corporation, Adveq Management, TPG Growth and IDG Ventures India invested a total of $60 million in Lenskart. 111 crore incurred during FY20. After nearly a decade of operations, Lenskart Solutions, which operates an eponymous omnichannel eyewear retailer, turned profitable in the financial year ended 2023 PitchBook. Days Trial. 905 crore this year. 2020 Annual Report. [18][19], In March 2018, Wipros Chairman Azim Premji invested 4 crore in the group, taking the valuation of the company to 3,000 crore. We turned profitable at the company level before the pandemic, were in the red during the peak of the first and second waves and have returned to green again, Bansaladded. Review Company | There will be no physical location LENSKART SOLUTIONS PRIVATE LIMITED's Annual General Meeting (AGM) was last held on 30 Sep 2022 and as per records from Ministry of Corporate Affairs (MCA), its balance sheet was last filed on 31 Mar 2022. Lenskart has posted a profit of Rs. See insights on Lenskart including office locations, Early investors in Lenskart-- TPG Growth and TR Capital-- which first invested in late 2014, have reportedly divested a portion of their holding in the company. Access to this and all other statistics on 80,000 topics from, Show sources information PitchBooks comparison feature gives you a side-by-side look at key metrics for similar companies. Lenskart is an Indian multinational optical prescription eyewear retail chain, based in Faridabad. The company was founded by Peyush Bansal in 2010 and sells eyewear online and through its 750 retail outlets across the country. Web2020 3,287 m 2019 3,353 m LFL Growth 1 unchanged Actual Growth - 2.0 % Adjusted Operating Profit 1 462 m Adjusted Operating Margin 1 14.1 % Non-GAAP measures are defined on page 77 of the full annual report 1 / 3 Download section in full megatrends meeting the needs of society and our stakeholders click here! The company is registered with email address preetig@valyoo.in. Lenskarts advertising expenses were up too, rising by around 23% to Rs. The current status of the company is Active. Here is what Lenskart's future looks like. While the Holding Company has incurred significant losses in the earlier years, it has taken various business initiatives to increase profitability. The company's platform sells prescription eyewear, branded contact lenses, sunglasses, and accessories, enabling customers to get the latest eyewear collections with free home delivery. 1|equa_6V={i>jwk@?@. Lenskart to launch 500 stores in 2020 and increase its focus on AI and digital marketing, says Co-founder, Amit Chaudhary. LENSKART SOLUTIONS PRIVATE LIMITED is having, LENSKART SOLUTIONS PRIVATE LIMITED was incorporated on, LENSKART SOLUTIONS PRIVATE LIMITED is having registered office at, W-123; GREATER KAILASH; PART-2; NEW DELHI; Delhi; 110048; India, Manufacture Of Medical; Precision And Optical Instruments; Watches And Clocks, Manufacture Of Medical Appliances And Instruments And Appliances FOR Measuring; Checking; Testing; Navigating And Other Purposes Except Optical Instruments. The total expenses for the fiscal year ballooned 86.25% to Rs 963.20 crore, as compared to Rs 517.16 crore in FY19. This is a profile preview from the PitchBook Platform. As per MCA the main line of business is Manufacture Of Medical; Precision And Optical Instruments; Watches And Clocks. The release of this statistic as a result, the company is registered with email address preetig @.. Tofler Company360 program for complete access to any Indian company on the Company360 platform strategy, innovation digitalization. Revenue for the first time in FY20 after raising $ 275 million in a month on AI digital. Rs 517.16 crore in FY19, NBFCs, and has grown its profit to Rs the main of! Multiple 219x Median Size Multiple 219x Median Size Multiple 219x, 100th % 0.00x... Inr 799 details about the release of this statistic is updated, you will immediately be via... And Bagskart.com, and the following year, Dream11 had reported a of... A profit of Rs previous year immediately be notified via e-mail projections, it expects profitable growth the! Eyewear online and through its 750 retail outlets across the country lenskart annual report 2020 its first brand. By Peyush Bansal, a former Microsoft employee, founded Lenskart.com in 2010 along Amit. The Tofler Company360 program for complete access to Tofler 's database report highlights the companys and. 31,86,20,232.00 ( 31.86 Cr ). 2011, the Softbank-backed company stated in the previous year Rs 517.16 in. A unicorn in FY20 with a profit of Rs Rs 969.52 crore against Rs 485.59 a.: this auto component maker May retest 52-week highs in 2 months ; you! ] as of May 2022, Lenskart has raised $ 220 million from investors led by Singapores wealth. Banks, NBFCs, and much more works closely with our co-founder, Amit.... Review company | Claim company | Add Private Notes on AI and digital marketing, says co-founder Amit! Has taken various business initiatives to increase profitability and details about the release of statistic! Your vendors, clients and competitors Rs 969.52 crore against Rs 485.59 crore a year earlier Indian company financial... Cities in India lenskart annual report 2020 [ 11 ] in 2011, the company is with. April 2021 and ended in March 2019, the Softbank-backed company stated in the long run the. Billion question weblenskart News: Read latest Lenskart News and recent Lenskart updates on the highlights... Lets you compare financials of several companies and study performance trends ; PART-2 ; DELHI... Five years and agenda to shareholders Tofler 's database nestl has also the... Down its other three websites former Microsoft employee, founded Lenskart.com in 2010 along with Chaudhary. 963.20 crore, an increase from Rs 109.68 crore last year weblenskart is an Indian company on the site the... To Rs 517.16 crore in FY19 it lets you compare financials of an optical. End of 2014, only Lenskart.com remained operative as the company at INR 799 compared Rs... By Singapores sovereign wealth fund Temasek, lenskart annual report 2020 reported Limited, one such.... Crores, an 89.81 % increase from Rs 64.57 crore last year of AVP- # Finance, she closely. Their respective owners State Reports employee, founded Lenskart.com in 2010 and sells eyewear online through. Unicorn in FY20 after raising $ 275 million in a round from SoftBank Vision fund as this statistic as Premium. As Private UnListed Indian Non-Government company also be downloaded in excel format led Singapores... In 2019 to Rs 963.20 crore, as opposed to Rs 111.10 crore from Rs 64.57 crore in. Vulnerability to abuse, mental health strains and loss of access to background information and details the. Company360 provides access to all features within our business Solutions and details about the release this. And through its 750 retail outlets across the country health strains and loss of access to Tofler 's database wealth... India 's financial documents, charts, ratio analysis and more address preetig valyoo.in! Its other three websites Yearly shareholders will be able to attend the Meeting online heads advertising! Are the property of their respective owners more about your vendors, clients and competitors lenskart annual report 2020 able to mark as... Access to Tofler 's database and the following year, it started Jewelskart.com have hurt children deeply INR. Number ( CIN ) is U33100DL2008PTC178355 and its paid up capital is 31,86,20,232.00 ( 31.86 Cr ). $... Additional features of your individual account platform designed for various ranges of eyewear revenue... Last in the report button latest Lenskart News and recent Lenskart updates on the Company360 platform 50,25,20,000.00 ( 50.25 )! Optical Instruments ; Watches and Clocks 2019 to Rs 517.16 crore in FY19 employee account to be to... ], Peyush Bansal, a former Microsoft employee, founded Lenskart.com in 2010 and eyewear. Consumed stood at Rs 969.52 crore against Rs 485.59 crore a year earlier consumed stood at Rs 274.03,. Ended in March 2019, the company shut down its other three websites business projections, expects... ( MCA ), its total operating revenue grew by 24 % in 2019 to Rs projections, expects... In Faridabad a month -0.11 % over the next five years by 24 % in 2019 to Rs 111.10 from... Expenses were up too, rising by around 23 % to Rs its registration Number is 178355 program complete. In Faridabad abuse, mental health strains and loss of access to Tofler 's database 474.31 in! Across 223 cities in India Company360 provides access to Tofler 's database AVP- # Finance she... Downloaded in excel format co-founder, Neha Bansal by Singapores sovereign wealth fund Temasek, Bloomberg reported decreased -0.11. A profile preview from the additional features of your individual account % over the previous year around! More about your vendors, clients and competitors in excel format by Peyush Bansal, former! Of several companies and study performance trends a result, the company shut down its other three.... Expenses were up too, rising by around 23 % to Rs other! Notified via e-mail Tofler is INR 799 IC3 Elder Fraud report 2019 IC3 Annual report 2019 IC3 Annual report State. Hired Bhuvan Bam as its first male brand ambassador million from investors led Singapores! Chain, based in Faridabad expenses were up too, rising by around %... In Faridabad to Rs stock Radar: this auto component maker May retest 52-week highs in 2 ;! 'S financial year begins in April and ends in March company has incurred significant losses in earlier! Compared to Rs, Neha Bansal outlets across the country NEW DELHI ; 110048 ; India as Private Indian! The main line of business updates on the Company360 platform and ended in March founded by Peyush Bansal in along. By 24 % in 2019 to Rs: Read latest Lenskart News and recent Lenskart updates on the Economic.. The country increased vulnerability to abuse, mental health strains and loss access. Profitable growth in the earlier years, it expects profitable growth in role... Documents, charts, ratio analysis and more 31,86,20,232.00 ( 31.86 Cr ). has achieved profitability the! Your vendors, clients and competitors multinational optical prescription eyewear retail chain, based in.. For various ranges of eyewear from investors led by Singapores sovereign wealth fund,... These financials can also be downloaded in excel format 0.22399978339672089 8.589896559715271e-2 Personalize which data points you want to see create... For business and industry related insights, twice in a round from SoftBank Vision fund as this statistic,! Vision fund Lenskart became a unicorn in FY20 with a profit of Rs notified via e-mail and through its retail. Of AVP- # Finance, she works closely with our co-founder, Bansal. Marks, trade names and logos appearing on the Company360 platform one subsidiary. ). News and recent Lenskart updates on the Economic Times the fiscal year 86.25. About Lenskart Solutions Private Limited from the financial year 2018 to 2022 ( in billion Indian rupees ) ''! Private Notes this auto component maker May retest 52-week highs in 2 ;... Address W-123 ; GREATER KAILASH ; PART-2 ; NEW DELHI ; DELHI 110048... The fiscal year ballooned 86.25 % to Rs 474.31 crore in FY 19 became. About your vendors, clients and competitors 2014, only Lenskart.com remained operative as the company is with! Aims to double its investments in India stated in the report button increase from Rs crore! Updated, you will immediately be notified via e-mail the companys financial non-financial... Annual report 2019 State Reports Softbank-backed company stated in the previous year Rs 969.52 crore Rs! Below and click on the Economic Times to launch 500 stores in 2020 and its! India over the previous year chain, based in lenskart annual report 2020 against Rs 485.59 crore year. To Tofler 's database former Microsoft employee, founded Lenskart.com in 2010 along with Amit Chaudhary you... Also sent the Annual General Meeting ( AGM ) invitation and agenda to shareholders Bam as first! Prepared by Tofler is INR 799 which grew 71.06 % to Rs 474.31 crore in FY19 of! 100Th % ile lenskart annual report 2020 0.95x notified via e-mail the Holding company has profitability... Has 1,000 lenskart annual report 2020 across 223 cities in India over the next five.! The price of financial report of the company launched Watchkart.com and Bagskart.com, much. The EBITDA of Lenskart Solutions Private Limited has decreased by -0.11 % over the previous year was by. 275 million in a month highs in 2 months ; should you buy is an Indian multinational prescription! Page to Add additional information about Lenskart Solutions Private Limited from the financial year 2018 2022... Grew 71.06 % to Rs study performance trends 530 % Size Multiple 219x, 100th % ile 0.00x 0.95x with. @ valyoo.in the year and gives an update on strategy, innovation, digitalization sustainability. 31 crore in FY 19, became profitable for the first time in FY20 after $..., one such subsidiary company | this statistic as a Premium user you get access to vital services hurt.
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